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flag Bahrain Bahrain: Trade Profile

Foreign Trade in Figures

Bahrain's market is quite open and has established one of the most diversified economies in the region. Foreign trade represented more than 170% of the GDP in 2008.

The country has recorded a substantial trade surplus. The drop of oil prices should notably affect the trade balance of Bahrain in the next following years.

The country remains heavily dependent of its oil industry and industrial diversification is very limited. In the recent years, the percentage of oil products exports increased from 66% to 80%. Other major exports are metal products, in particular aluminum, chemical products (essentially created from petrochemicals) and textiles. 

Imports of  Saudi crude oil represent more than half of Bahrain's total imports. The non-oil imports remain very stable. These are equipment goods (machinery, appliances, electric equipment), chemical products, transportation and food products. 

The main trading partners of Bahrain are the countries of the Gulf Cooperation Council (Saudi Arabia, the United Arab Emirates, Kuwait, Oman and Qatar), the United States and Japan.

 
Foreign Trade Indicators 20062007200820092010
Imports of Goods (million USD) 10,51511,48810,8007,3009,800
Exports of Goods (million USD) 12,20013,63417,31611,87415,400
Imports of Services (million USD) 1,6051,7012,0301,741-
Exports of Services (million USD) 3,3223,5243,7403,653-
Trade Balance (million USD) 2,3862,8653,2452,4392,643
Current Account (million USD) 2,1882,9072,257560-
Foreign Trade (in % of GDP) 172162171--
Imports of Goods and Services (in % of GDP) 736874--
Exports of Goods and Services (in % of GDP) 999497--

Source: WTO - World Trade Organization ; World Bank - Last Available Data.

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Main Partner Countries

Main Customers
(% of Exports)
2010
Saudi Arabia 25.5%
Qatar 13.6%
India 8.8%
United Arab Emirates 8.1%
United States 5.2%
See More Countries 38.8%
Main Suppliers
(% of Imports)
2010
Brazil 18.0%
China 11.6%
Japan 7.4%
United States 7.1%
Australia 6.2%
See More Countries 49.7%

Source: Comtrade, Last Available Data

Main Products

Main Exports
(% of Exports)
2010
Iron ores and concentrates, incl. roasted iron...Iron ores and concentrates, incl. roasted iron pyrites 26.1%
Bars, rods and profiles, of aluminium, n.e.s.Bars, rods and profiles, of aluminium, n.e.s. 18.1%
Plates, sheets and strip, of aluminium, of a...Plates, sheets and strip, of aluminium, of a thickness of > 0,2 mm (excl. expanded plates, sheets and strip) 10.5%
Stranded wire, cables, plaited bands and the like,...Stranded wire, cables, plaited bands and the like, of aluminium (excl. such products electrically insulated) 3.8%
Motor cars and other motor vehicles principally...Motor cars and other motor vehicles principally designed for the transport of persons, incl. station wagons and racing cars (excl. motor vehicles of heading 8702) 3.8%
See More Products 37.7%
Main Imports
(% of Imports)
2010
Iron ores and concentrates, incl. roasted iron...Iron ores and concentrates, incl. roasted iron pyrites 17.6%
Motor cars and other motor vehicles principally...Motor cars and other motor vehicles principally designed for the transport of persons, incl. station wagons and racing cars (excl. motor vehicles of heading 8702) 9.1%
Artificial corundum, whether or not chemically...Artificial corundum, whether or not chemically defined; aluminium oxide; aluminium hydroxide 4.3%
Electrical transformers, static converters, e.g....Electrical transformers, static converters, e.g. rectifiers, and inductors; parts thereof 2.2%
Medicaments consisting of mixed or unmixed...Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses "incl. those in the form of transdermal administration" or in forms or packings for retail sale (excl. goods of heading 3002, 3005 or 3006) 1.6%
See More Products 65.2%

Source: Comtrade, Last Available Data

 

To go further, check out our service Import export flows

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Commercial Policy

Main International Economic Cooperation
Member of World Trade Organisation
Member of Gulf Cooperation Council (GCC)

Member of Arab League.

The country is also part of the Greater Arab Free Trade Area (GAFTA), a pact of the Arab League entered into force in January 2005 which aims to form an Arabic free trade area.
Assessment of Commercial Policy
Country’s commercial policy
Barriers to exchanges
Barriers to exchanges
Sanitary and phytosanitary barriers
Average Customs Duty (Excluding Agricultural Products)
4.21%
 

List of tariffs and local taxes that apply to your product on our service Customs duties and local taxes

 
Useful Resources
Bahrain Customs Office



Egyptian Embassy in Bahrain
Villa 18, Road 33, Area 332, Kuwait Street, Mahouz
Manama
Phone: (+973) 17720005 - 17721597
Fax: (+973)17721518
Contact the Embassy via Email.

National Organization of Intellectual Property
The Directorate of Industrial Property.
 

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Learn more about How to Export to Bahrain on Globaltrade.net, the Directory for International Trade Services.
 

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Last Updates: January 2012

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